02.12.2015 - Metals fund Orion Resources sees more pain for copper, gold
Copper and gold are set for more price weakness as bear markets across the commodities sector are likely to last three more years, metals and mining fund Orion Resources said. "We are going to see a pretty broad cross-commodity leg down, where $900 an ounce gold is more than just a possibility," Orion's CIO Oskar Lewnowski said. "$1.80 a pound ($3,968 a tonne) for copper is likely ... I don't think we are going to see much relief until 2018," said the mining financier, who co-founded metals merchant and hedge fund Red Kite more than a decade ago before starting Orion...............................................Full Article: Source
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